ECB's President Lagarde: Central bank to discuss QT in the “not too distant future”
ECB President Lagarde participated through a pre-recorded video at the European Financial Reporting Advisory Group Conference, in Brussels, and mentioned quantitative tightening (QT). Among other things, Lagarde said it will come up for “discussion and consideration within the governing council in the not-too-distant future.”
Financial markets ignored Lagarde's words and focused more on Federal Reserve (Fed) officials' comments inclined to the dovish spectrum. Market participants seem to believe that ending the pandemic emergency purchase programme (PEPP) won't be an easy or quick task.
The EUR/USD pair consolidates gains just ahead of the multi-month low posted earlier in the day at 1.1001.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.